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Halliburton has developed CleanStim, a non-toxic fluid for use in hydraulic fracturing. This is part of the oil and natural gas industry's efforts to allay environmental concerns associated with the drilling technique. CleanStim offers "an extra margin of safety to people, animals and the environment in the unlikely occurrence of an incident," according to the company.

Alaska would have a share of offshore oil and natural gas royalties under legislation proposed by Sen. Mark Begich, D-Alaska. "My bill not only encourages increased and responsible development of Alaska’s energy resources but also makes sure our communities benefit directly from oil and gas being produced in our own state," Begich said.

Halliburton is developing a more environmentally friendly hydraulic fracturing fluid and is reducing the use of fresh water, said Halliburton Chairman and CEO Dave Lesar. One chemical formulation, called CleanStim, has "ingredients sourced exclusively from the food industry," according to the company.

Halliburton is developing a more environmentally friendly hydraulic fracturing fluid and is reducing the use of fresh water, said Halliburton Chairman and CEO Dave Lesar. One chemical formulation, called CleanStim, has "ingredients sourced exclusively from the food industry," according to the company.

Several companies have come up with solutions to make hydraulic fracturing friendlier to the environment. Flotek Industries has developed a fracking fluid that uses extract from orange peels instead of conventional chemicals. Also, Halliburton has introduced CleanStim, an environmentally conscious type of fracking fluid that contains ingredients approved by the federal government for food production.